XML 99 R78.htm IDEA: XBRL DOCUMENT v3.8.0.1
SIGNIFICANT TRANSACTIONS - Acquisition in Pakistan (Details)
$ in Millions
 12 Months Ended
Jul. 01, 2016
USD ($)
EquityInstruments
Dec. 31, 2016
USD ($)
Warid    
Acquisitions    
Percentage of interests acquired 100.00%  
Non-current assets    
Property and equipment $ 199  
Intangible assets 201  
Deferred tax assets 308  
Other financial assets 2  
Current assets    
Inventories 1  
Trade and other receivables 26  
Other non-financial assets 23  
Current income tax assets 17  
Cash and cash equivalents recognised as of acquisition date 7  
Non-current liabilities    
Financial liabilities (402)  
Provisions (6)  
Other non-financial liabilities (15)  
Current liabilities    
Trade and other payables (113)  
Other non-financial liabilities (83)  
Other financial liabilities (45)  
Total identifiable net assets at fair value 120  
Total consideration transferred, acquisition-date fair value 321  
Goodwill resulting from the acquisition 201  
Shares issued by PMCL 274  
Contingent consideration liability 47  
Analysis of cash flows on acquisition    
Net cash acquired with the subsidiary (included in cash flows from investing activities) 7  
Net cash flow on acquisition 7  
Period adjustments to the provisional fair values of the assets acquired, liabilities assumed and consideration to date 0  
Trade and other receivables, gross 33  
Trade and other receivables, expected not to be collected 7  
Revenue contributed since date of acquisition 161  
Loss contributed since date of acquisition 6  
Revenue from continuing operations contributed if the combination had taken place at the beginning of the year 313  
Loss before tax from continuing operations contributed if the combination had taken place at the beginning of the year 37  
Change in contingent consideration $ 0  
Options exercisable period (in years) 4 years  
Put-option redemption liability $ 274  
Non-controlling interest recognized $ 0  
Interest expense   $ 21
Foreign exchange loss   1
Pakistan Mobile Communications Limited    
Analysis of cash flows on acquisition    
Shares issued as consideration | EquityInstruments 679,604,049  
Discount rate 14.10%  
Terminal growth rate 4.00%  
Earn-out payment agreed period (in years) 4 years  
Dividends   7
Carrying value of put-option redemption liability   $ 290
Pakistan Mobile Communications Limited | Warid    
Acquisitions    
Consideration transferred (as a percent) 15.00%